GSA Capital Partners LLP Buys Shares of 182,277 Matrix Service Company $MTRX

GSA Capital Partners LLP bought a new position in shares of Matrix Service Company (NASDAQ:MTRX) during the second quarter, HoldingsChannel.com reports. The firm bought 182,277 shares of the company’s stock, valued at approximately $2,497,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westerly Capital Management LLC increased its stake in shares of Matrix Service by 34.1% in the 3rd quarter. Westerly Capital Management LLC now owns 1,100,000 shares of the company’s stock valued at $14,388,000 after acquiring an additional 280,000 shares during the last quarter. AQR Capital Management LLC boosted its stake in Matrix Service by 601.5% during the 1st quarter. AQR Capital Management LLC now owns 291,804 shares of the company’s stock worth $3,627,000 after acquiring an additional 250,206 shares during the last quarter. CenterBook Partners LP boosted its stake in Matrix Service by 55.5% during the 4th quarter. CenterBook Partners LP now owns 634,046 shares of the company’s stock worth $7,418,000 after acquiring an additional 226,325 shares during the last quarter. Millennium Management LLC boosted its stake in Matrix Service by 46.5% during the 3rd quarter. Millennium Management LLC now owns 630,396 shares of the company’s stock worth $8,246,000 after acquiring an additional 200,189 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Matrix Service by 288.4% during the second quarter. JPMorgan Chase & Co. now owns 212,921 shares of the company’s stock valued at $2,877,000 after purchasing an additional 158,104 shares during the period. Institutional investors own 78.38% of the company’s stock.

Matrix Service Stock Performance

NASDAQ MTRX opened at $11.91 on Friday. The business has a 50 day simple moving average of $12.68 and a 200 day simple moving average of $12.27. Matrix Service Company has a 52-week low of $9.88 and a 52-week high of $15.97. The stock has a market cap of $335.08 million, a price-to-earnings ratio of -22.47, a PEG ratio of 0.95 and a beta of 1.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Matrix Service in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Matrix Service has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Matrix Service Profile

Matrix Service Company (NASDAQ: MTRX) is a provider of engineered construction, fabrication and maintenance services to the energy, industrial and power markets. The firm offers a full suite of engineering, procurement and construction (EPC) solutions for clients in the oil and gas, petrochemical, refining, mining, fertilizer and power generation industries. Its capabilities span from front-end engineering design through plant commissioning, with specializations in modular process skid fabrication, structural steel erection and complex piping systems.

The company’s service portfolio includes onshore and offshore pipe fabrication, equipment setting, industrial maintenance and shutdown services, electrical and instrumentation installation, and skid-mount and modular construction.